I am in the dilemma whether to buy MRTA or not.
After thorough research from the internet, you may read through this:
Depend on individual case.
1) If you have no dependent and can pay the loan fast, not necessary to buy MRTA, MLTA or term insurance is better option.
2) No need to buy whole tenure, my loan tenure is 25 years, I only opt for 15 years which cost about RM 4k.
3) If MRTA premium inside the loan, do opt for FLEXI loan which can reduce the interest.
The table below shows the different between MRTA and MLTA